Alan Greenspan:
A Wild and Crazy Guy

Updated Sept. 14, 1999 12:01 a.m. ET

By Lawrence B. Lindsey, a former governor of the Federal Reserve, and a resident scholar at the American Enterprise Institute.

A fter the second rate increase in as many months, Alan Greenspan and his colleagues at the Federal Reserve have been taking some strong criticism for allegedly wanting to spoil the American economy's boom. Politicians of both right and left, Wall Street mavens and corporate executives have all weighed in with their attacks. The strange thing is, relative to both history and to the views of the...